Review

Why Invest?

• Invest your money to beat inflation and grow your wealth.

• Start investing early so you can save less to have more with compounding growth.

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Investment Accounts

• Choose a brokerage to house your account.

• Select the best account available to you for your goal.  

• Consider the tax implications of each account.

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Build A Portfolio

• Evaluate your risk tolerance and timeline.

• Diversify your portfolio through index funds or ETFs.

• Choose how many funds you want to have in your portfolio.

• Determine the asset allocation percentages for your investments.

• Verify that expense ratios are below .25%.

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Manage A Portfolio

• Rebalance your portfolio at least once a year.

• Realize the tax implications of rebalancing your portfolio if it is in a taxable account.

• Consider a robo-advisor or financial planner if you are uncomfortable managing your portfolio.

• Be aware of any fees associated with different management options.

• Analyze your portfolio with Empower.

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Handle A Decline

• Expect market corrections and bear markets.

• View corrections as an opportunity.

• Contribute consistently to dollar cost average.  

 

Debt And Investing

• Balance paying off debt with investing early.

• Meet the match for any employer accounts.

• Pay off high-interest debt and low balances.

• Understand that the best mathematical choice is not always the best psychological choice.

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Know your Numbers​

• Use rules of thumb to see if you are on track for your goals.

• Utilize the calculators to determine your goals and necessary contribution.

• Modify different variables in Empower's retirement projection.